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benefits. we have asked experts to join us for a fiscal cliff roundtable discussion, if you will. ron brownstein is a senior -- cnn senior political analyst and editorial director of the national journal and stephen moore, senior economics writer at the "wall street journal" and is in washington, d.c. first up, ron, will, do you think, these politicians reach a deal or not and why or why not? >> the fiscal cliff was yeelted as a doomsday machine to try to give them more will power to do what they can't do on their own, to reach a deal. the reason all of this was here, incentive to reach a deal, some of your guests pointed out during the day, a lot can go wrong when you leave is it to this late, a little little surprising to me republicans don't feel urgency, talk about this in a minute, maybe, the wolf on the other side of the cliff, difficult for both sides, the country is worse for the republicans than the democrats. it's possible they make a deal, possible they go over, no more precision than that. >> are we thelma and luiz, rocketing towards that canyon? >> took the words out of m
this for a bill that can't and shouldn't become law. joining us now is ron meier, spokesperson for american majority action and jared bernstein a senior fellow and an msnbc contributor. welcome to you both. jared, this plan b, it's not only an affront to what the president has been trying to do in terms of a balanced approach. it's also a colossal waste of time, isn't it? >> absolutely. i mean, i have been writing about this in terms of theatrics at a time when really nobody ought to be going to the theater. the fiscal cliff is way too close for this type of game playing and i just noted today that the gdp report for the third quarter got a little bit of a bump. it was marked up to 3.1%. we're actually making some progress on this economic recovery, but if we go over and stay over the cliff because of all this screwing around, forget about it. you're going to have that recovery go south very quickly. john boehner on monday looked like a guy who is willing to make a balanced compromise or at least consider one in the interest of the country. john boehner on wednesday looks like a guy who is
, and lara are all off. we're so glad to welcome dan abrams, ron claiborne and rachel smith. >>> we have a big news cycle happening on this last did of 2012. not only the fiscal cliff, but secretary of state hillary clinton in the hospital. we'll get to that in just a moment. a diagnosis of a blood clot. but some questions still remaining. >>> we have some weather stories, including the latest on this horrific tour bus crash on an icy highway in oregon. it was packed full of tourists. and it skidded off the road, leaving nine dead, many more injured. >>> and the live shot from new york presbyterian hospital where secretary of state hillary clinton is being cared for right now. abc's martha raddatz has the latest on her condition. martha, good morning. >> reporter: the secretary has not been seen in public since early december after an illness and then a fall. but this is the first time she's landed in the hospital. >> probably a good idea to -- >> reporter: on sunday, secretary clinton was admitted to new york presbyterian hospital for treatment of a blood clot. according to the state de
by michigan democratic congressman gary peters. ron, i'm going to start with you. describe the scene for us there and what's at stake. >> reporter: good day to you. it just started snowing within the past few minutes. these folks are braving very cold temperatures here but they're very fired up about this legislation being pushed through the state house today. as you have reported it will turn michigan into a right to work state. republican governor rick schneider and other supporters of this legislation says it actually makes michigan more attractive for businesses around the country who may be considering relocating their businesses to michigan. workers are the ones you see behind me, several thousand hearsay this is nothing but an attempt to try to break the back of unions in a state where ally unions are synonymous with michigan. we've spoken to a number of workers this morning who say this was a backhanded way for the governor and republican toss get something away from democrats and working class people of this state by trying to say that this is going to make a situation better in th
.c. penney side, i do think j.c. penney has an interesting turnaround story here. the stores of ron johnson have been able to revamp and institute his new model of a collection of boutiques. those stores have seen the revenues double. only 10% of the stores have been revamped, but if they can continue to maintain cash flow long enough. >> i don't like what ron johnson is doing. since this guy's taken over this stock has done nothing but go down. it was about the product, not the concept. anyone could have sold ipads and ipad minis and iphones over the year, the complete opposite and failure at jv penny the want to avoid those shares. >> rich, of course, the stock has done poorly, but it's done much better since the ipo of groupon of the you've been much better served actually being in j.c. penney than being in groupon. i would also say this. i think there is a cushion you have in j.c. penney than not groupon and that's the real estate. arguably the real estate of jc penny is worth more than the market cap of the company. with the underlying protection i think you have a bit of a free call o
experience with the issue. carolyn mccarthy. ron barber. i'm still kind of shaking after my last interview, as i have been after several interviews with people who represent gun rights. it's the glibness of the argument. it's the callousness of the way they continue to justify the freedom of people who continue to use assault rifles. that's what they are, with these high-capacity magazines. carolyn mccarthy, when you hear this and the way the issue is framed what is your reaction? >> to be honest with you, i'm happy that you had him on, because america should see what we're up against and the lies that they take to the american people, and unfortunately, an awful lot of them believe that. what we're trying to do is save lives. what we're doing after this shooting, and to be very honest with you, you're going to be hearing from my colleague, you know, what happened in aurora, and what's happened in the last several years. and the shootings get worse and worse and worse. and so that we need to do something. and i do believe, because the country cannot go through what they just saw these last
's senior political analyst ron bram's team. thank you both for coming in. ron, you wrote an interesting column, i just read it, in the national journal about democrats having a more unified coalition after the election in november. what sort of negotiating advantage is that supposed to give them in the fiscal cliff situation. >> i think it's almost the inverse of what we saw in 2010 after big democratic losses in that election. the caucus was divided in the house and senate on whether to extend the bush tax cuts for everyone. republicans were unified, they insisted it be extended for everyone. president obama ultimately made a deal to extend them as you know, for two years for all taxpayers, which is how we are where we are now. democrats are virtually in lock step showing cracks, saying maybe we need to extend for those in the middle. it's a different circumstance. i think the leverage on the tax side, at least is clearly with the democrats, stalemates mean the tax cuts expired and democrats are more willing to live with that than republicans are. >> when you read between the lines her
the ten-year or 30-year i think you're fine. that's all we have to look at, a competitive situation. ron in texas. ron? >> caller: yes, sir. >> what's up? >> caller: so, how do you know when to get out of a stock? let's say you're doing well, it's got a dividend, but you're way up. how do you know? >> how do you know to get out? look, one of the things that we like to do, have to stay in touch with the fundamentals. we don't do buy and hold here. we do buy and homework. if you suddenly see a decline in cash flow, suddenly see a company has a change -- like if a cfo leaves, that matters, but in general we don't like to be greedy because bulls make money and bears make money and hogs get slaughtered. if you can take out enough money to be able to play with the house's money, that's when you're golden. your portfolio should be able to dividend, not to buy, but dividend and conquer. make sure you have at least one high-yielder. that helps when it comes to diversification. after the break we'll try to make you even more money. >>> keep up with cramer all day long. follow @jimcramer on twitter
'm one of the directors for project imagination. >> we get the call from ron howard wants to involve celebrities taking photos from people that send it from all over the world and then doing a movie. directing a movie to it. >> i have always wanted to be behind the cameras. now it is giving me an opportunity to really flex that muscle and now with the tutelage of ron howard and having canon backing, you know, i just don't want to mess it up but i think it will be fantastic. plus, ron howard and i have a little bit of a history. >> little bit of a history. that cameo. >> yeah, yeah. ♪ >> would you be in this video? he said what is it? rying to move forward the idea of filmmaking by involving the public. >> when i was in texas, i didn't know where to go with all of my creativity. but now with what canon is doing, people from missouri and people from north carolina, they are -- they can now be a part of hollywood. >> this is groundbreaking because this for the first time will be part of the festival. >> having the festival part of it makes it an event. now people can come and now peop
, and republican strategist, ron bon john. some say the fact that we're not hearing much of washington is a good sign, and in this case, silence is golden. you guys agree? >> yeah, i definitely do. look, one of the things that we've got to realize here is that the more that this fight takes place in public, the less is being done behind closed doors, because everyone feels that they have to justify the public rhetoric. so i think that we have two silences going on. there's barack obama and john boehner working things out and the republicans realizing that they've got to find a way to negotiate. so silence is golden for christmas season. >> do you agree, ron bonjean? >> yes, i completely agree. i think that silence is best. and right now while they're figuring out how to put a deal together, i think the president softening his rhetoric in michigan on the issue yesterday was extremely helpful. you know, what we are still far apart, as far as we know, on entitlement reform, spending cuts, raising the rates, you know, we've been talking so much about raising taxes that we're not talking a lot about
massacre might be the tipping point for washington to ask. arizona congressman ron barber took over gabrielle giffords' seat after the shooting. why president obama's new proposal could be the compromise republicans are looking for. that's ahead. pack the big taste of granola and dark chocolate into one perfect square, under 100 calories. nature valley granola thins. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! we've decided t
, it's not there. >> i know this name isn't on your list, rocco, but i wanted to bring jcpenney up. ron johnson you could have argued would have been the ceo to turn the company around. but we've not seen the results. would you consider putting him on this list as well is this. >> i wrote an article earlier in november that criticized ron johnson and his performance. i think what happened there is ron johnson was fantastic at apple. but he worked at apple with steve jobs. ron johnson probably read a few too many of his press clippings. if you watch the investor day he did a few months back when he first came to jcpenney, people thought he was crazy when he went to target and went to apple. and then he talks about how he went to steve jobs' house, saying, steve, i'm leaving for jcpenney. and he said, are you crazy? and he's saying, target was great, i went to apple was great and now we're in the same position with jcpenney and i'm going to work the same magic there. no, you can run shotgun with steve jobs all day long. steve jobs was the retail architect. >> we should note, andrew mason
, ron mott, thanks very much for the latest there. >>> a lot more ahead in the special "mission critical, right above d.c." we're back with former federal reserve chairman alan greenspan who will sit down with me for an interview only on this network. he's partly to blame for the looming fiscal cliff crisis and the white house's plan for another economic stimulus and why is roger at man optimistic that republicans and democrats can come together and reach a deal in avoiding going over the fiscal cliff. >> reporter: and why are billionaire investors warren buffett and george soros calling on congress to raise the wealth tax. we'll have that story. stay with us. even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >> time is running out. >> right now the american people have to be scratching their heads when is the president going to get serious? >> washington remains at odds. >> that is a bad strategy for america. it's a bad strategy for your businesses, and it is not a
victory. >> ron paul who opted not to seek reelection in order to focus on his white house bid is one of several members of congress who will retire this year. representative barney frank, david dryer and dan burton from the house, joe lieberman, olympia snow and ben nelson will join 21 members of the house and five other members of the senate in hanging up their congressional careers. 2012 also marked a milestone in implementation of president obama's health care law. in a 5-4 decision back in june, the u.s. supreme court ruled the major crux of obama care the individual mandate is indeed criminal constitutional. >> happy and pleased. >> the decision was the result of lawsuits brought by 26 state attorneys general against the federal government who claimed mandated participation was violation of american's freedom. >> republicans won't let up whatsoever in our determination to repeal this terrible law. >> the justices heard arguments from both sides in a record setting three-day hearing back in march. at the time it was unclear which way the justices were leaning as both conservative
not with radioshack, some point out other. jc penney, you know so well, covered it on cnbc, ron johnson and great magical vision for this company. so far, it has failed. again, it is make or break for mr. johnson. >> even with some optimistic analysts there who see signs of success this that have nothing to do with the original plan. >> a chart in our story, carl that shows the dropoff of jc penney stock -- i'm sorry, jc penney sales. they have lost 30 to 40% of their entire sales. that is very hard to do. >> take a look at some of the japanese exporters, talking about that in the cop text of going short the end, going long japanese stocks. an area to watch. overnight, expecting out of japan cpi data, expected to further the case for bank of japan to embark on more stimulus, bad news equals good news for japan what traders are bracing for overnight i at least on the japan trade. in terms of retailers, sears holdings is up a percent in today's session, the other three are doing pretty poorly. pretty poorly in today's session. it does look like we are extending our three-day losing streak we saw ac
the citizens of kentucky. benton, who ran ron paul's presidential campaign, says this was not directed specifically at ashley judd. is there benton preparing for a political campaign for a personal assassination. >> this is the way mcconnell has always run his campaigns. it's never to talk about what he's done for kentucky and what his vision for the future of kentucky is. it's always about making sure that whoever is running against him is unacceptable and spending whatever it takes to do that. so, you know, i think it would be interesting. ashley judd is a very, very popular figure, and you take on somebody with that -- who is that well-known and who is that popular, you go negative on them at your own peril. people don't like that. if they have a very good feeling about the candidate. so, you know, we fully expect he would run that kind of campaign against any opponent, but against ashley judd, i think that's problematic for mcconnell. >> i think it is. let me ask you about senator mcconnell's effort to filibuster his own idea on avoiding future fights over the fiscal cliff. how can
in and has moved to the head of the class. this is top line-item now. >> so, alice, ron barber who was wounded in the tucson shooting, who took over gabby giffords' seat, said this of the second amendment when he appeared earlier on "the daily rundown". >> you call yourself a supporter of the second amendment, very clear. >> i do support it. i believe that it is important that we protect the right to bear arms. but i think there are limits. we already have laws that limit the kinds of weapons and grenade launchers and all of that that you can't have. to not do something about the assault weapons, high capacity magazines, i think is irresponsible. >> alice, based on that, for americans who do support the second amendment, why can't we question the logic of assault weapon sales for the general public? and look at the past occurrences of what we have been witnessing just over the last several years, and say, the logic here does not support having these arms being sold to the mass public? >> well, our heart goes out to him and all the people in newtown, but we have to look at the fact
defense. now since then he has switched attorneys. joining to us talk about this is lucia mcbeth and ron davis, jordan davis' parents and their attorney as well john phillips. it has been a horrific three weeks for you. i cannot imagine how awful it has been, if you can, ms. mcbeth, tell me how you found out that jordan had been killed. what happened? >> a phone call from his father, my husband and i were in chicago for thanksgiving and i happened to come up to the bedroom and i saw ron's name pop up, and i knew the moment i saw his name, that late at night, i knew it had to do with jordan. >> did you know it had to be bad? >> i knew in my spirit it was not good. i knew that it could not be good that late at night for him to be calling. >> when did you, mr. davis, learn the details of what had happened in the parking lot? because the shooting was horrific, but the details around the shooting awful as well. >> yes. its first call i got was from the best friend of my son, and he had phoned his mother while in the car and his mother called me and i rushed to the hospital to see about my son
next guest actually agrees with the democrats for once. and thinks that this bill is a mistake. ron meyer is spokesman of american majority action, a national conservative organization. and i just want to make sure that i let people know that you don't agree with the democrats, it's not like you're switching sides here. you just have a lot of criticism of speaker boehner. you haven't really appreciated the way that he's handled these negotiations. what do you make of this plan b? >> well, i have some news to break on it actually. i talked to some really good sources in the house of representatives and staff members and they think that this plan has no shot to pass the house, that it doesn't have the conservative votes. doesn't have the republican votes. there is a growing number of republicans from us straighted with speaker boehner. the problem is not tax revenue. the problem is spending. we've increased spending a trillion dollars in the last five years and we can't have enough revenue to make up for that. we would have to have the biggest tax revenue increase ever as far as the r
was famously warm. prime minister thatcher called the president "ron," he addressed her as "margaret." together they were political soulmates. >> i think they had a congenial personal connection. although what the document show that margaret thatcher wasn't always so full of praise for reagan. >> reporter: britain was at war with argentina trying to hold on to its island in the south atlantic. >> the united states came down firmly on our side over the faulklands, and we're very grateful to them for being such staunch allies. >> reporter: in private, there was tension. reagan urged her to negotiate, but she wanted victory. mrs. thatcher said "she was sure that the president would act in the same way if alaska had been threatened." to get what she wanted, the iron lady used her softer side. "dear ron," she writes, "i think you are the only person who will understand the significance of what i'm trying to say." >> very personal. >> absolutely. >> reporter: mrs. that th thatcher's charm offense worked and they remained friends long after they left power. nbc news, london. >>> an elementary school c
in the house of represent tifrs. dennis kucinich and ron paul. president obama ordered more drone strikes in his first term than president bush did in his combined terms. the strike just last week killed a senior leader in pakistan near the border of afghanistan and the two congress men want president obama to release all the information and the data and detail that he ordered against many terrorists. representative kucinich joins me live. welcome back and nice to see you. >> good to be with you. >> the judiciary did address this, but me why you are challenging the president. >> it's not about challenging the president, but up holding the constitution of the united states. no president has the right to launch missile attacks on another country without congressional approval. no president has the right to take away someone's right to due process of law. they happen to be an american citizen abroad and we asked for the legal justification. that's what we are looking at. three years is a long time to wait. 300 drone strikes is enough time to say to the white house, where is your justificatio
a windchill of 25, much cold er. happy new year to you, erica. >> ron, happy new year to you as well. that is when you huddle up close to each other in those pens. >> they get them in there ten hours before it starts. >> they stay for a long time. >> bring your blanket. >>> a baby for kim kardashian and kanye west in 2013. how her family is reacting to the just announced news. first this is "today" on nbc. >>> coming up, the women who had us talking in 2012, from the mom on the cover of "time" breastfeeding her son. >> to the anchor who stood up for herself after a viewer criticized her weight. [ male announcer ] let's go places. not just the ones you can find on a map. but the ones you can find in your heart. let's go beyond everything we know. and embrace everything we don't. and once we've reached our destination, let's keep going. because inspiration doesn't favor those who sit still. it dances with the daring... ♪ oh, oh, oh-oh, oh [ male announcer ] ...and rewards the courageo with ideas that excite, challenge, even inspire. ideas that take you places you never imagined. idea
-to-work state. governor rick snyder passing a new bill into law. ron motte is in lansing, michigan, with the latest. >> peace and quiet returned to the streets in the capital city. a far different scene than we saw here yesterday. about 10,000 people showed up. there was a lot of emotion on the lawn of the capital yesterday. a lot of the union workers believed this action was politically motivated, payback if you will for the successes of the democrats in michigan, but the president winning reelection as well. they think this is a death knell of the union in michigan. but the folks who advocated these changes to the workplace rules in michigan believe this gives workers more freedom, the freedoms they really should have to choose whether to join a union. the law will go into effect probably around april 1st or so. it's when the legislature ends its session now scheduled for december 20th. among the folks who lost this particular battle, believe this process should have included a lot more public debate. it was really rushed through the legislature over the past week or so. the hous
conservative. ron johnson is a tea party guy. he wants to give on the president before the end of the year and go ahead, i guess pass a bill that would extend the rates for everyone and that wouldn't pass in the house and say, okay, fine, we'll do it for 98%. put that in the president's court, get that done and is use the debt ceiling for spending. >> exactly. no, that is -- >> but he's not getting anywhere with boehner and cantor? >> it's because boehner so far is not willing to go along with that strategy. the way that it works for boehner is if he ultimately puts it on the floor and tells most of his members that they have a chance to vote against it and make playing their opposition to any tax rate increase. but he hasn't been willing to do that so far. he would get some republicans to join with dm democrats and it would pass the house. but he doesn't want to put something on the floor that would clear the house without at least half of the republican members. spending is a sticking point, but there is an asymmetry in the negotiations. democrats have laid out what they want on taxes, s
just don't. >> senator, so last week, ron johnson and you and others said what we need to do, the house passes 98% and below, allows the top 2% to go up to 39.6. just what the president wants. and then we start talk pg about spending and entitlement cuts in light of the debt ceiling coming in in february? is that what you're talking about now? so we're going to -- >> we're going to have to see whether the rank and file that boehner tries to get, if they don't go along -- you're saying they should mutiny and not do this deal he wants to do now and do this other one that puts the onus back on the president next year to come to the table for entitlement cuts. is that what you're saying? >> i don't even think speaker boehner unless, again, something's happened early this morning, he's not even going to try to sell this deal because he knows that the offer that they've made is not real yet. in other words, again let me say the cuts are to be determined down the road, with another fiscal cliff, that's being created. so what i would hope, joe, is right now, we would go ahead and implement the
. our chief political analyst gloria borger was one of the moderators with ron brownstein. what struck you, someone that covered the campaign. you learned some stuff. >> i did. first of all, wolf, this is the first time a lot of people running the campaigns actually met each other face to face. they sat around a big sfar table and had to kind of look at each other and it is so hard on the losing side. you have spent years of your life. there's a picture of the table. you spent years of your life devoted to running a presidential campaign. and if you're the loser, it's really hard. so one of the questions i asked at this panel discussion was about the infamous 47% tape and in which mitt romney said that 47% of the people wouldn't vote for him, that they felt entitled. matt rhodes who ran his campaign answered that question and we only have audio so listen to what he said. >> and i remember speaking to him and, you know, there was a lot of negativity about our campaign as a whole, but he's a person that takes personal responsibility about it. and he would tell me, you know, to me, like,
this tragedy occurred. >> ron whaoerl is a former d.c. homicide detective. good morning to you. you put a series of thoughts toegt that create one theory. go ahead, explain that and then we'll talk about that. >> first of all we are dealing with a person as everybody has been saying that is possibly mentally ill. not only is he possibly mentally ill he's a very cold and calculated killer. let's look at some of the evidence that we've heard about already, bill real quickly the police have said that they have very good evidence. what could that very good evidence be? what i think it is, i think on that computer hard drive what they will find once they are able to get into it is that this guy had been researching a lot of the activity surrounding the aurora, colorado shooting and specifically the mindset of james holmes who was the shooter who had a very similar mindset to this guy lanza last week. bill: are you saying that, or do you have that on authority? >> no, no, no -- bill: that is your theory. >> this is what i believe. this is just a theory. this is what i believe. if you look at
betts. i don't know, but you can take a look at a company like jk penny with ron johnson. even every retailer, except one, who said give this guy more time. but usually the short-termism is a problem. you can see that the advisory firms, they have these ridiculous metrics for one year and three year barometers. it takes two or three years to fully take charge of this. and i think you're right, steve, the metrics are too short. sometimes if they are on a misguided path, we can correct it. vickram pandit, i frankly thought was mercuriel and imperious when he first stepped in there. he grew enormously in office. maria bartiromo had a tremendous interview with him. i thought he was defensive, yet his board understood him. board politics. >> i look forward to seeing you at the yale ceo summit. >> hi, dave. you should have run. joe is right, you should have run. >> we've already made him a czar. >> you end up consulting with a lot of ceos, a lot of corporate boards. from your perspective, what impact is the fiscal cliff having with regard to the situation? we've seen today a number of spec
's, grocery coupons, and don't tell ron johnson or bill ackman, but jc penney rounded out the top four. >>> tomorrow on "squawk box," negotiating a deal on the fiscal cliff. we'll talk about possible paths to a compromise with our guest host former treasury secretary larry summers. >>> plus, the ceo of caterpillar will give us the business perspective on the deficit disaster. you can't afford to miss "squawk box" tomorrow starting at 6:00 a.m. eastern. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities aro
. bar ron's named its top ten picks for 2013. if you want to know if you should pay any attention to it the magazine's ten stocks for 2012 have outpaced the market by 4 percentage points gaining an average of 17%. now to the picks for 2013. there you go. apple, jpmorgan, royal dutch shell, barnes & noble. blackrock, general dynamics. marathon, novartis, viacom and western digital. might want to flip that so you people can see what i just said. marathon, novartis, royal dutch, viacom and western digital. five on each page. the fiscal cliff dominated the sunday talk shows. senator dick durbin on "meet the press" yesterday saying no deal on the debt without a tax hike on the wealthy. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem. we cannot allow their reckless position to drive this economy into another recession. >> and senator bob corker argues it might be better to agree with what the president wants to do now on taxes, and then fight later on spending. >> if we were to pass, for instance, raising the top two rates an
. bush now an economics prof s professor at harvard and ron johnson, director at the institute for new economic thinking and a senior fellow at the roosevelt institute. skwre, good to have you both here. good morning. greg, let me just get you to bounce off of what corker said today. we've had a few senators here and there appear to give on taxes but corker laid it out pretty nicely, if you want to have a discussion about entitlements why wouldn't you get rates out of the way. does that mark a new chapter in these talks? >> it might well. and the whole issue, this whole package is going to look like, republicans have already conceded to some degree on revenue. they'll probably concede a little bit more. the question is what is the president willing to concede on the spending side? the liberal part of the democratic part of the party doesn't want to concede anything on entitlements. that's where the real problem is. the growth of entitlements is going to put us into bankruptcy unless we do something about it. >> do you believe giving him what he wants on rates forces his hand to impress
would be a bit cautious about how fast the results turn. look at jcpenney, ron johnson did a lot of creative things, but it takes time to turn around and old line retailer. look at sears, that's probably never going to turn. i think jolie is on the right course here. and he's got a winning strategy. one that schulze didn't have. and i think he's going to pull it off. but he may be more than three months, he may be tied beyond that. but we'll see. i think the board is acting responsibly trying to get the price for the shareholders. i'm not going against going private, they just have to make sure the public shareholders don't sell out at rock bottom prices and are treated fairly. >> i can't imagine he will nail a bid at 20. if you're right and they won't accept anything less, he's going to have his chance to turn this thing around. bill george, thanks, as always. >> thank you. >> we have an important interview coming up. one of the most influential voices of the tea party. congressman mick mulvaney speaking out about boehner and much more. ♪ [ male announcer ] 'tis the season to
ron" which focuses on mental health issues. good morning to you, clayton. >> good morning. thanks for bringing me on. >> big question we're trying to resolve this morning. i don't know if we're going to be able to do it, how do we zeal both with the gun control issue but perhaps as important, the mental health issues that revolve around this and controlling both of those things at the same time? >> well, you know, i'd like to make the point that the real issue here is mental health problems. because we have a surprising number of murders in the united states. typically 500 to 600 a year involving mentally ill offenders. and most of them get no attention at all. because, sometimes they're using a knife or a sword to kill, you know, one or two people, and it's a local news story. relatively rare instance these sort of random acts of mass murder when they involve a firearm, we pay a lot more attention. but the core problem is mental illness. 1960s when i was growing up, i can remember one such incident, that was the university of texas, and it was shocking, because people didn't do t
think the things for jcpenney that even ron johnson would probably say the plan is a plan but it's going to shift depending on what consumer reaction is. and being able to be certainly offer consumers deeper value, whether it's $10 off, i think there's more new things that are going to happen that we don't even know about, but price is going to have to be addressed. >> dana, obviously we can't avoid talking about the fiscal cliff. payroll tax cut looks like it's going not to be extended. so that would mean that everyone that has a job is going to probably see at least $30 or $40 every paycheck starting in january. which companies are affected the most by that? is it the low end? or is it some place in the middle? or the high end doesn't matter? what would you say? what advice are you giving? >> i think the low end to the middle. i think we've already been seeing the beginnings of some of the low end having some pressures that we didn't see earlier in the year. but look what walmart said, their ceo talked about more of their consumers beginning to feel impacts that are being aware of the
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